how much do liquor store owners make a year

Best answer

$20,000 and $50,000

People also ask

  • How profitable is it to own a liquor store?

  • The profit margin in the liquor business is typically quite low. On average, owners only take home about 1.7% of total sales. Stock, wages, building costs, licenses and fees tend to eat up the rest of the profit margin. However, running a store can be fulfilling and still profitable.

  • What are the profit margins for liquor stores?

  • Profit margins for liquor stores range based on a number of factors, including your overhead costs, inventory, suppliers, and clientele. Cheaper alcohol will have lower margins than high-end items. According to one in-depth study of liquor store operations, a well-run shop should net between 15% and 20%.

  • How much do retail store owners make?

  • At least compared against retail store owner salaries on average. The average retail store owner makes an average of $49,924/year according to Payscale. That鈥檚 based on a range of annual salaries that falls to $24,000 on the low end and $149,000 on the high end.

  • Do liquor stores include inventory in sales price?

  • Some liquor stores include inventory in the sales price鈥攂ut this isn鈥檛 always a good thing. Always ensure you check out the inventory age to determine if there鈥檚 a reason it鈥檚 still on the shelves, and if you will have trouble selling it yourself once you take over ownership.

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